RE: Steem Dilution - Why? - Explained
@hisnameisolllie Aren't liquidity reward closer to 7.5% of the 0.19%? Sorry If I'm totally off here.
Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater
Ah let me quote all of them.
Curation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
Content Creation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
Block production rewards: 1 STEEM per block or 0.750% per year, whichever is greater
POW inclusion rewards before block 864,000: 1 STEEM per block (awarded as 21 STEEM per round)
POW inclusion rewards after block 864,000: 0.0476 STEEM per block (awarded as 1 STEEM per round) or 0.750% per year, whichever is greater.
Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater
At the moment, Steem Creation is running at 270% per annum.
800 Steem per minute, 20 of which were allocated for Liquidity Rewards. 2.5% of New Steem.
1200 x 24(hrs) x 365(days) = 10,512,000/0.75% = 1,401,600,000
There would need to be 1.4bn Steem in existence for the 0.75% per annum clause to be implemented..
Current <150m in Circulation
I am talking in terms of % of new Steem...
Just to be clear, if liquidity rewards were running, they would be greater than 0.75% currently.
Apologise for the scatter brain reply. I'm on my phone. I'm well aware I not being as clear as I could be.